Global Hyaluronic Acid Raw Material Market Size study, by Application, by Source, by Grade and Regional Forecasts 2022-2032

PUBLISHED: August 10, 2024

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Description

The global hyaluronic acid raw material market size was estimated at USD 6.61 billion in 2023 and is anticipated to grow at a compound annual growth rate (CAGR) of 6.5% from 2024 to 2032. Hyaluronic acid raw materials are gaining significant traction across various applications, particularly in arthritis and cosmetic surgery treatments. The growing use of these materials in the treatment of osteoarthritis is contributing to market growth, driven by an increasing number of approved therapeutic products. The rise in arthritis cases is bolstering the acceptance of hyaluronic acid in related treatments, further accelerating market expansion.

Additionally, the market is witnessing a surge in demand for hyaluronic acid raw materials in cosmetic surgery treatments. Chronic wounds among diabetic patients and the rising demand for plastic surgery procedures are generating significant requirements for agents based on hyaluronic acid. The unique moisturizing and viscoelastic properties of hyaluronic acid are driving its use in anti-aging treatments, facial line corrections, and cheek augmentation processes. FDA approval for dermal fillers using hyaluronic acid for fine line and wrinkle correction is also contributing to the increased sales of these materials, driven by their minimal risk of allergic reactions. However, the market faces challenges due to the high cost of hyaluronic acid raw materials, which limits their accessibility for end users with monetary constraints. Additionally, side effects such as itching and vascular occlusion are restricting their demand.

Regionally, North America dominated the market in 2023, holding the largest revenue share of 40.9%. This significant share is attributed to advanced technologies, a sophisticated healthcare infrastructure, and increasing patient awareness of aesthetic and anti-aging procedures. The region's demand for minimally invasive cosmetic procedures is expected to drive further expansion. Meanwhile, the Asia Pacific region is anticipated to grow at the fastest CAGR of 9.0% during the forecast period. The region's strong skincare and beauty culture, coupled with increasing awareness of skincare routines, is driving the demand for hyaluronic acid, known for its moisturizing and anti-aging properties.

Major market players included in this report are:

AbbVie Inc.
Salix Pharmaceuticals
Lifecore Biomedical, Inc.
Sanofi
Anika Therapeutics, Inc.
Zimmer Biomet
Smith+Nephew
LG Chem
Maruha Nichiro Corporation
Ferring B.V.

The detailed segments and sub-segment of the market are explained below:

By Application:

Ophthalmology
Orthopedics
Dermatology
Drug Delivery
Medical Device Coating
Surgical Adhesion Prevention
Biomaterials and Implants
Cell and Tissue Preservation

By Source:

Non-Animal
Animal

By Grade:

Pharmaceutical
Cosmetic
Orthopedic

By Region:

North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
RoLA
Middle East & Africa
Saudi Arabia
South Africa
RoMEA

Years considered for the study are as follows:

Historical year - 2022
Base year - 2023
Forecast period - 2024 to 2032

Key Takeaways:

Market Estimates & Forecast for 10 years from 2022 to 2032.
Annualized revenues and regional level analysis for each market segment.
Detailed analysis of geographical landscape with Country level analysis of major regions.
Competitive landscape with information on major players in the market.
Analysis of key business strategies and recommendations on future market approach.
Analysis of competitive structure of the market.
Demand side and supply side analysis of the market

Chapter 1. Global Hyaluronic Acid Raw Material Market Executive Summary

1.1. Global Hyaluronic Acid Raw Material Market Size & Forecast (2022-2032)
1.2. Regional Summary
1.3. Segmental Summary
- 1.3.1. By Application
- 1.3.2. By Source
- 1.3.3. By Grade
1.4. Key Trends
1.5. Recession Impact
1.6. Analyst Recommendation & Conclusion

Chapter 2. Global Hyaluronic Acid Raw Material Market Definition and Research Assumptions

2.1. Research Objective
2.2. Market Definition
2.3. Research Assumptions
- 2.3.1. Inclusion & Exclusion
- 2.3.2. Limitations
- 2.3.3. Supply Side Analysis
  - 2.3.3.1. Availability
  - 2.3.3.2. Infrastructure
  - 2.3.3.3. Regulatory Environment
  - 2.3.3.4. Market Competition
  - 2.3.3.5. Economic Viability (Consumer's Perspective)
- 2.3.4. Demand Side Analysis
  - 2.3.4.1. Regulatory frameworks
  - 2.3.4.2. Technological Advancements
  - 2.3.4.3. Environmental Considerations
  - 2.3.4.4. Consumer Awareness & Acceptance
2.4. Estimation Methodology
2.5. Years Considered for the Study
2.6. Currency Conversion Rates

Chapter 3. Global Hyaluronic Acid Raw Material Market Dynamics

3.1. Market Drivers
- 3.1.1. Growing Consumption in Arthritis Treatments
- 3.1.2. Increasing Use in Cosmetic Surgery
3.2. Market Challenges
- 3.2.1. High Prices
- 3.2.2. Side Effects
3.3. Market Opportunities
- 3.3.1. Increasing R&D for Hyaluronic Acid
- 3.3.2. Growing Healthcare Spending

Chapter 4. Global Hyaluronic Acid Raw Material Market Industry Analysis

4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.1.6. Futuristic Approach to Porter's 5 Force Model
- 4.1.7. Porter's 5 Force Impact Analysis
4.2. PESTEL Analysis
- 4.2.1. Political
- 4.2.2. Economical
- 4.2.3. Social
- 4.2.4. Technological
- 4.2.5. Environmental
- 4.2.6. Legal
4.3. Top investment opportunity
4.4. Top winning strategies
4.5. Disruptive Trends
4.6. Industry Expert Perspective
4.7. Analyst Recommendation & Conclusion

Chapter 5. Global Hyaluronic Acid Raw Material Market Size & Forecasts by Application 2022-2032

5.1. Segment Dashboard
5.2. Global Hyaluronic Acid Raw Material Market: Application Revenue Trend Analysis, 2022 & 2032 (USD Billion)
- 5.2.1. Ophthalmology
- 5.2.2. Orthopedics
- 5.2.3. Dermatology
- 5.2.4. Drug Delivery
- 5.2.5. Medical Device Coating
- 5.2.6. Surgical Adhesion Prevention
- 5.2.7. Biomaterials and Implants
- 5.2.8. Cell and Tissue Preservation

Chapter 6. Global Hyaluronic Acid Raw Material Market Size & Forecasts by Source 2022-2032

6.1. Segment Dashboard
6.2. Global Hyaluronic Acid Raw Material Market: Source Revenue Trend Analysis, 2022 & 2032 (USD Billion)
- 6.2.1. Non-Animal
- 6.2.2. Animal

Chapter 7. Global Hyaluronic Acid Raw Material Market Size & Forecasts by Grade 2022-2032

7.1. Segment Dashboard
7.2. Global Hyaluronic Acid Raw Material Market: Grade Revenue Trend Analysis, 2022 & 2032 (USD Billion)
- 7.2.1. Pharmaceutical
- 7.2.2. Cosmetic
- 7.2.3. Orthopedic

Chapter 8. Global Hyaluronic Acid Raw Material Market Size & Forecasts by Region 2022-2032

8.1. North America Hyaluronic Acid Raw Material Market
- 8.1.1. U.S. Hyaluronic Acid Raw Material Market
  - 8.1.1.1. Application breakdown size & forecasts, 2022-2032
  - 8.1.1.2. Source breakdown size & forecasts, 2022-2032
  - 8.1.1.3. Grade breakdown size & forecasts, 2022-2032
- 8.1.2. Canada Hyaluronic Acid Raw Material Market
8.2. Europe Hyaluronic Acid Raw Material Market
- 8.2.1. U.K. Hyaluronic Acid Raw Material Market
- 8.2.2. Germany Hyaluronic Acid Raw Material Market
- 8.2.3. France Hyaluronic Acid Raw Material Market
- 8.2.4. Spain Hyaluronic Acid Raw Material Market
- 8.2.5. Italy Hyaluronic Acid Raw Material Market
- 8.2.6. Rest of Europe Hyaluronic Acid Raw Material Market
8.3. Asia-Pacific Hyaluronic Acid Raw Material Market
- 8.3.1. China Hyaluronic Acid Raw Material Market
- 8.3.2. India Hyaluronic Acid Raw Material Market
- 8.3.3. Japan Hyaluronic Acid Raw Material Market
- 8.3.4. Australia Hyaluronic Acid Raw Material Market
- 8.3.5. South Korea Hyaluronic Acid Raw Material Market
- 8.3.6. Rest of Asia Pacific Hyaluronic Acid Raw Material Market
8.4. Latin America Hyaluronic Acid Raw Material Market
- 8.4.1. Brazil Hyaluronic Acid Raw Material Market
- 8.4.2. Mexico Hyaluronic Acid Raw Material Market
- 8.4.3. Rest of Latin America Hyaluronic Acid Raw Material Market
8.5. Middle East & Africa Hyaluronic Acid Raw Material Market
- 8.5.1. Saudi Arabia Hyaluronic Acid Raw Material Market
- 8.5.2. South Africa Hyaluronic Acid Raw Material Market
- 8.5.3. Rest of Middle East & Africa Hyaluronic Acid Raw Material Market

Chapter 9. Competitive Intelligence

9.1. Key Company SWOT Analysis
9.2. Top Market Strategies
9.3. Company Profiles
- 9.3.1. AbbVie Inc.
  - 9.3.1.1. Key Information
  - 9.3.1.2. Overview
  - 9.3.1.3. Financial (Subject to Data Availability)
  - 9.3.1.4. Product Summary
  - 9.3.1.5. Market Strategies
- 9.3.2. Salix Pharmaceuticals
- 9.3.3. Lifecore Biomedical, Inc.
- 9.3.4. Sanofi
- 9.3.5. Anika Therapeutics, Inc.
- 9.3.6. Zimmer Biomet
- 9.3.7. Smith+Nephew
- 9.3.8. LG Chem
- 9.3.9. Maruha Nichiro Corporation
- 9.3.10. Ferring B.V.

Chapter 10. Research Process

10.1. Research Process
- 10.1.1. Data Mining
- 10.1.2. Analysis
- 10.1.3. Market Estimation
- 10.1.4. Validation
- 10.1.5. Publishing
10.2. Research Attributes